India poised to enter MTCR regime

  New Delhi / Tribune News Service India is widely expected to be the 35th member of Missile Technology Control Regime (MTCR) this week, a move that will boost the country’s efforts to export and import missile technology subject to non-proliferation rules from friendly nations. If made partner in the regime, a precursor to being admitted into the Nuclear Suppliers’ ...

Read More »

Let us count the ways India surpasses China

  When Narendra Modi, the prime minister of India, speaks to a joint session of the U.S. Congress on June 8, he may find it hard to convince lawmakers of his country’s promise. He shouldn’t: As China, Russia and Brazil slow down, India is barreling ahead. It’s one of the brighter spots among all the emerging markets. True, India’s economic ...

Read More »

Big data is still only a little helpful

  Leonid Bershidsky “Big data” is one of the tech world’s ubiquitous buzzwords. In the old days, people just called it data, but in Silicon Valley it’s not a thing unless it’s big. It’s not yet obvious, however, that data collected by various internet services is any more useful than those mined in more traditional ways — through surveys, for ...

Read More »

Obama’s failed TPP pitch is a missed opportunity in Vietnam

During his trip to Asia recently, US President Barack Obama took the opportunity to tell an audience in Vietnam why the Trans-Pacific Partnership is so important. Since the Vietnamese people may be the greatest beneficiaries of the agreement, this was an excellent venue to praise the power of globalization to bring about shared prosperity to people around the world. But ...

Read More »

China demand to drive 15 year-long Bauxite boom, says Rio Tinto

  Bloomberg China’s quest for raw materials for its aluminum smelters and alumina refineries promises to deliver a 15-year boom for exporters of bauxite, according to Rio Tinto Group, which is spending $1.9 billion to raise output. Global demand is already growing rapidly and will outpace the 4 percent-a-year lift London-based Rio forecasts for aluminum in the medium-to-longer term, Alf ...

Read More »

Artisan chocolates from Vietnam fetch $72 a pound in Japan

  Bloomberg Naoko Otsuka didn’t think twice about paying the equivalent of $23 for 5 ounces of chocolate. The dark-brown slivers of sweetness weren’t just a treat, the Japanese homemaker said, but an opportunity to learn more about a superfood. The six bars Otsuka bought from a store in Tokyo’s bustling Shibuya shopping district were made by an artisan manufacturer ...

Read More »

USA, China are making great progress in currency talks

  Bloomberg The U.S. and China have made progress on their exchange-rate debate over the years while the Asian nation’s ability to control excess capacity will be central for expanding its economy, Treasury Secretary Jacob J. Lew said on Sunday in Beijing. Lew, speaking to students at Tsinghua University, said China’s government is moving in the right direction on its ...

Read More »

Dollar peg here to stay as devaluation bets climb: UAE

  Bloomberg The United Arab Emirates’ currency peg is here to stay, the central bank governor said, after contracts used to bet on a devaluation rose to the highest since March. Policy makers don’t see pressure on the dirham and the U.A.E. is committed to its longstanding peg to the dollar, HE Mubarak Rashed Al Mansoori told reporters in Abu ...

Read More »

New Philippines Finance Chief to bat for growth

  Bloomberg Carlos Dominguez, who is set to become finance secretary in the Philippines, said the incoming government of President-elect Rodrigo Duterte is willing to initially lose revenue through income-tax cuts to help boost economic growth and reduce poverty. Lower income levies will be part of a tax reform bill submitted to lawmakers by September, Dominguez, 70, said in an ...

Read More »
Send this to a friend